VivoPower International PLC announces contract to build 3.6 MW solar project in Australia
VivoPower International PLC (Nasdaq: VVPR) (“VivoPower”), a global solar power company, is pleased to announce that its wholly-owned subsidiary in Australia, Aevitas Group Limited (“Aevitas”) has been awarded a significant contract for the engineering design, procurement and construction of the 3.6 MW Cubbie Solar Project near Dirranbandi in Queensland, Australia. The project will be owned by a wholly-owned subsidiary of Cubbie Ag (“Cubbie”), the largest cotton producer in Australia, and will produce electricity to help power Cubbie Station, the largest irrigation property in the southern hemisphere.
The project will generate enough electricity to supply 40% of Cubbie’s energy needs at Cubbie Station during the peak cotton ginning season, running from April to September. The project is the first phase of a longer term plan to expand to 7.2 MW, and will also include battery storage. Construction is scheduled to begin in October 2018, with expected commercial operation by December 2018.
“We are very pleased to have achieved this significant milestone in our strategy to offer holistic solar and battery storage solutions to commercial, industrial and government customers in Australia. This important contract is further confirmation of the strong growth outlook for Aevitas from solar and other tailwind drivers in Australia,” said Carl Weatherley-White, Chief Executive Officer of VivoPower. Phil Lowbridge, General Manager of J.A. Martin Electrical Pty Limited (J.A. Martin), a division of Aevitas that will deliver the Cubbie Solar Solar Project said, “Technical advances continue to drive the competitiveness of solar power generation and battery storage, and we have seen increased interest from our customers for similar solutions.”
Renewable energy scheme for Tonsley tenants
South Australia continues its leadership in sustainable energy with the introduction of a District Energy Scheme at Tonsley Innovation District, to be powered by one of Australia’s largest rooftop solar arrays.
When complete, approximately 20,000 solar photovoltaic panels will be installed on the expansive eight -hectare roofs of the Main Assembly Building (MAB) and adjoining TAFE SA building, with a total installed capacity of up to 6MW providing power for Tonsley businesses, organisations and residents.
Enwave Energy was selected as the preferred proponent through an Expression of Interest to deliver a renewable energy solution for Tonsley, in keeping with the district’s commitment to sustainability and innovation and its Six Star Green Star Communities Rating.
The company will build, own and operate the district energy facility, drawing on its experience in owning and operating similar district energy services at Sydney Central Park and Sydney Airport.
The company will invest approximately $40 million over a 50-year period for battery storage, photovoltaics, smart technologies, future MAB electrical assets.
The system will optimise solar energy generation and battery storage for the peak load of the entire Tonsley precinct, enhancing security of energy supply and providing competitive energy pricing to all customer classes, including commercial and residential.
Tonsley is managed by Renewal SA on behalf of the State Government and is the home of leading firms in the renewable energy sector, including SIMEC ZEN Energy, Tesla, AZZO and Siemens.
Renewal SA General Manager Property Mark Devine said the District Energy Scheme would further consolidate the district’s role as a hub for investment and innovation in this sector.
“To help make the most of this on-site expertise, Enwave Energy will subcontract SIMEC ZEN Energy to install and maintain the solar panels infrastructure and will engage Siemens to provide smart network design services,” he said.
“Initially, the District Energy Scheme will include access to electricity and recycled water services for the entire Tonsley community and, gas and domestic hot water services for the residential community only.
“There are also plans to expand the scheme to include a thermal network for the entire site for building space heating and cooling requirements.”
Businesses at Tonsley have the choice to buy their electricity from Enwave Energy at competitive market rates or from the energy retailer of their choice.
Enwave Energy will employ five full time people in professional roles, as well as contracting local businesses to provide ongoing services. There is also potential for collaboration with Flinders University and TAFE SA to train people to work in the energy sector.
All costs and risks associated with operating and maintaining the utility infrastructure will be the responsibility of Enwave Energy.
Enwave Energy is backed by Enwave Australia, a wholly owned subsidiary of Brookfield Infrastructure, which designs, builds, owns and operates water, gas and energy networks for entire communities.
Mr Devine said the Enwave proposal would deliver on Tonsley’s commitment to become a climate smart district.
“It will offer a world class District Energy Scheme, incorporating on-site renewable power generation, battery storage and smart technologies that can be scaled up as the district grows.
The scheme will supply businesses and organisations at Tonsley with a reliable, competitively priced and secure electricity supply generated by renewable energy.
The scheme will help consolidate Tonsley as a hub for renewable energy investment and innovation and help to attract more businesses keen to establish in an environmentally sustainable innovation district.
Tonsley Innovation District is located at the premises of the former Mitsubishi car manufacturing plant in Adelaide’s southern suburbs.
The district is home to over 30 businesses and more than 150 members of the two co-working spaces on site, plus the Flinders University School of Computer Science, Engineering and Mathematics and TAFE SA. About 1400 people are employed on site – more than when Mitsubishi ceased manufacturing cars on the site in 2008 and there are about 6,500 students at Tonsley each year.
Enwave Australia Chief Executive Cameron Evans said the company was thrilled to have been chosen as the incumbent utility.
Source: Renewal SA
Point of no return: crossing a climate threshold
Societies, economies and ecosystems around the globe are at risk of being hit by unprecedented extreme weather events causing serious disruption, should the world’s rising greenhouse gas pollution levels exceed a climate change threshold, according to a new international report.
The Proceedings of the National Academy of Sciences (USA) report ‘Trajectories of the Earth System in the Anthropocene’, investigates the risk of reaching and exceeding a climate tipping point, sparking a chain reaction of feedbacks in the climate system that could skyrocket global average temperature to well beyond a 2°C rise within a century or two and eventually lead to sea-level rises of from 10 to 60 metres higher than what is seen today.
“We are at risk of crossing a critical climate threshold,” said Climate Councillor and report lead author Professor Will Steffen, “Such a threshold could lie at a global temperature rise as low as 2°C above pre-industrial, within the Paris Climate Agreement targets”.
“Exceeding this climate tipping point could lead to the highest temperatures experienced in more than 1.2 million years, creating a ‘Hothouse Earth’ that humanity has never experienced before, hitting societies, economies and ecosystems around the world with devastating impacts,” he said.
Professor Steffen said the report shows that exceeding the critical climate tipping point could set off global ‘feedbacks’ (responses) in the form of weakening land and ocean carbon sinks, forest dieback and reductions in snow cover across the northern hemisphere, along with the loss of sea ice and polar ice sheets.
“Intensifying climate change, driven by the burning of fossil fuels such as coal, oil and gas, is pushing us closer to crossing a catastrophic climate threshold,” he said.
“Sitting on our hands means we are at risk of driving the Earth (and human wellbeing) beyond an irreversible point of no return, with global average temperatures tipped to reach between 4-5°C higher than pre-industrial conditions.”
Professor Steffen said the report, created by an international team of experts in Earth System science, shows that unprecedented collective global action to slash rising greenhouse gas pollution levels is urgently needed to minimise the risk of crossing a climate point-of-no-return that would lead to unprecedented extreme weather events and major climatic disruption around the world.
“It’s essential the world greatly accelerates the transition to clean, affordable and reliable renewable energy and battery storage, leaving the fossil fuels of the past far behind,” he said.
“Right now, global leaders still have the opportunity to work hard to achieve the Paris targets, but that window of opportunity is closing fast. Meeting our international commitments under the Paris Climate Agreement is more urgent than ever – technologies are developing rapidly; the only thing blocking this progress is political will”.
“We need to ask ourselves this: do we want to be remembered as the generation that had the opportunity to prevent catastrophic climate change, and didn’t?”
Source: Climate Council
Te Ahi O Maui Geothermal Plant
Eastland Group reported that construction of its new Te Ahi O Maui geothermal plant near Kawerau in New Zealand progressed well during the year and is now nearing completion. “This is the first geothermal power plant built under new health and safety legislation, and over 250,000 man hours were worked on site without a single lost time injury. Once testing and consenting is complete and the plant is operational, it will generate around 25MW of clean, green energy and deliver strong returns for decades to come to the people of Tairāwhiti.”
AER stakeholder forum on proposed changes to its regulatory investment test guidelines
The Australian Energy Regulator (AER) is holding a forum for stakeholders to discuss its proposed changes to its regulatory investment tests (RITs) application guidelines. The forum follows the release of the AER’s draft RIT application guidelines on 27 July 2018.
A RIT is a cost–benefit analysis that network businesses perform and consult on before making major investments in their networks. When undertaking RITs, network businesses must consider all options, including non-network options, before identifying the best way to address needs on their networks.
The AER currently has separate RITs for transmission and distribution networks – the ‘RIT-T’ and ‘RIT-D’. Each RIT has its own application guidelines that guide businesses on how to apply the RITs consistently and transparently. We are currently reviewing this guidance.
The forum will provide stakeholders with the opportunity to seek clarification on how different views have been incorporated into the draft RIT application guidelines. Attendees are encouraged to question and test the proposed guidance to help make the RIT application guidelines clearer and more useful.
AER Board member, Jim Cox will host the discussion forum as a videoconference across AER offices on 29 August 2018. The AER recommends attendees familiarise themselves with the draft RIT application guidelines beforehand.
To attend the forum, please email RIT@aer.gov.au(link sends e-mail) by COB 22 August 2018. When registering, please nominate the location you wish to attend.
More details here.
Source: Australian Energy Regulator
Investors call for ambition shortfall to be addressed in the
Investors with over $2 trillion in assets under management are calling for outstanding flaws in the design of the National Energy Guarantee to be addressed in order to establish much needed investment certainty.
Ahead of the meeting of the COAG Energy Council on 10 August, the Investor Group on Climate Change has outlined three key outstanding issues that should be addressed before focus shifts towards the implementation of the National Energy Guarantee.
“Investors have been looking for policy certainty on climate change and energy policy for over a decade. While the National Energy Guarantee has the potential to deliver this certainty, unless the framework actually supports credible emission reductions, then it fails the test of the energy trilemma”, said Emma Herd, Chief Executive Officer of the Investor Group on Climate Change (IGCC).
“As it currently stands, the National Energy Guarantee will support almost no new investment after the end of the Renewable Energy Target in 2020. This would represent a lost opportunity to build on the momentum in the shift towards low carbon electricity generation currently underway in the electricity sector. It will also increase costs for other sections of the economy who will have to pick up the shortfall”.
“Unless we get the emission targets right, the best design in the world won’t add up to a credible pathway forward”.
“The National Energy Guarantee is not our first choice of mechanism, but it does provide an opportunity for Australia to move forward. The framework must set out credible emission reduction targets aligned with our international commitments under the Paris Agreement to work. The current targets set out in the framework and the mechanism for adjusting these targets need to be addressed”.
IGCC calls on all parties to:
“It is in no one’s interest to see the National Energy Guarantee fail. We are close to establishing a policy mechanism that has the potential to address the energy trilemma with broad political support. But the design of the Guarantee and the emissions reduction it delivers have to add up to a credible trajectory towards meeting the goals of the Paris Agreement, or we risk losing another decade to policy paralysis and the increasing costs of climate change”, said Herd.
Source: Investor Group on Climate Change
Best of both worlds
The Institute for Sustainable Futures (ISF), University of Technology Sydney, in partnership with WWF-Australia, today announced its report into the benefits of combining corporate renewable power purchase agreements (PPAs) with demand response for Australian businesses.
The report, Best_of_Both_Worlds: Renewable energy and load flexibility for Australian businesses, outlines the prospective savings from the uptake of corporate renewable PPAs with demand response for three large Victorian-based businesses, representing the following industries – water utilities, agriculture and industrial manufacturing.
Utilising data provided by Flow Power and its customers, ISF evaluated the electricity consumption, operations and potential flexible usage of the three businesses – ANCA, Select Harvest and Yarra Valley Water, to determine the financial savings provided by combining demand response with corporate renewable PPAs.
Across all three businesses, demand response had the potential to reduce costs by up to 33 per cent – a figure that could translate to several hundred thousand dollars a year depending on the business. This was in addition to the significant savings already provided through the wholesale purchase of power on a corporate renewable PPA.
The modelling used the financial savings provided through corporate renewable PPAs as a baseline for estimating the additional financial savings that each business could expect from active demand response. It also assessed varying approaches to demand response, such as shutdowns of nonessential operations and on-site electricity generation, depending on each business.
Jonathan Prendergast, a research consultant at the Institute for Sustainable Futures and Lead Author of the report, comments: “Demand response has great potential to reduce costs for the electricity grid and for customers. Our analysis of on-the-ground data confirms that well-implemented demand response can achieve cost savings and manage risk for Australian business customers paying wholesale rates.”
Australia’s electricity market is undergoing fundamental change. Retiring coal-fired plants and increasing investment in renewable generation is driving change in the electricity supply system and this is impacting how business energy users choose to purchase electricity.
Last year, Flow Power introduced corporate renewable PPAs to the Australian market with the view to giving local businesses a way to tap into low-cost wholesale renewable energy over a long-term period.
Matthew van der Linden, Managing Director of Flow Power, comments: “Demand response from businesses has a pivotal role to play in delivering reliable low-cost power for all Australians, as well as greater financial savings.
For customers on corporate renewable PPAs, firming can be the most expensive element. This report shows that demand response can remove the costs associated with firming, and yields additional savings.
Where the financial savings delivered to customers on corporate renewable PPAs over the last year are just a small snapshot of ten-year or more agreement, demand response gives businesses greater flexibility to control the prices that they pay.”
Source: Flow Power
National Energy Guarantee needs more work
The Andrews Labor Government will only support the proposed National Energy Guarantee (NEG) if specific conditions are met that keep energy prices low and support local jobs.
The conditions will ensure the Victorian Renewable Energy Target – and the thousands of local jobs it supports – are protected.
For Victoria to sign up to the proposed NEG, the following conditions will need to be met:
- Emissions reduction targets can only be allowed to increase over time and never go backwards
- Future targets will need to be set by regulation
- The targets will need to be set every three years, three years in advance
- Establishment of a transparent registry, with access by regulators and governments to ensure the NEG is working in the best interests of consumers.
Malcolm Turnbull needs to stand up to the climate sceptics in his party room and back real investment in clean energy, real jobs in the renewable industry and real action on climate change.
Victoria will continue to work through the COAG Energy Council to get the NEG right.
Victorian Minister for Energy, Environment and Climate Change Lily D’Ambrosio said: “We won’t support any scheme that puts our renewable energy industry and Victorian jobs at risk.”
“We can still get this right – but only if Malcolm Turnbull stares down the climate-crazies in his party and puts a workable scheme on the table that doesn’t hurt local jobs and households.”
Source: Victoria Government
Australian-first battery to improve energy security in North Queensland
In an Australian first, Origin will install a 4 MW grid scale battery at its Mt Stuart Power Station in Townsville, improving the security of electricity supply to North Queensland households and businesses.
Mt Stuart Power Station, located about 12 kms south of central Townsville is a 414 MW open cycle gas power station, designed to supply electricity at times of peak demand and is the largest such facility in North Queensland.
Origin’s Executive General Manager of Energy Supply and Operations Greg Jarvis said the battery would deliver a range of benefits to the region.
“This will be the first time in Australia that a grid scale battery has been connected to an open cycle gas turbine system and will not only create efficiencies, but enable a reliable start up in the event of a large scale power outage.
“Having a battery of this size means we’re able to store the energy needed to start the power station without the aid of the electricity from the transmission network should a loss of power occur due to an event like a cyclone.
“The battery will also help drive down emissions and support renewable projects like the recently commissioned Clare Solar Farm, by storing solar generation during the day and dispatching at times of peak demand after the sun has set.
“Our transition to renewables and shift to decentralised generation requires an ongoing focus on ensuring our customers have reliable and affordable energy and we’ll be looking closely at the battery’s performance to see how larger versions might be deployed elsewhere across our generation portfolio,” Mr Jarvis said.
Origin has entered into an agreement with a Korean consortium led by Bosungpowertec for the supply and installation of the 4MW / 4 MWh battery, to be placed within the existing footprint of the power station.
With support from the Korean Government, Bosungpowertec hopes to showcase the country’s emerging battery technology sector.
Bosungpowertec CEO Jae Hwang Lim said the consortium was excited by the opportunity to partner with Origin.
“Bosungpowertec recognises Origin as a leading Australian energy provider that is actively exploring new and emerging technologies that support their transitioning electricity market.
“We hope to demonstrate how our battery technology supports Origin’s operations and are sure that this project will be a start for a successful cooperation in the Australian market” Mr. Lim said.
It is expected that installation and commissioning will be complete in May 2019.
Source: Origin Energy
CSIRO tech accelerates hydrogen vehicle future
Australia is a step closer to a new hydrogen production and export industry following the national science agency’s successful refuelling of two fuel cell vehicles.
CSIRO Chief Executive Larry Marshall was one of the first to ride in the Toyota Mirai and Hyundai Nexo vehicles powered by ultra-high purity hydrogen, produced in Queensland using CSIRO’s membrane technology.
This technology will pave the way for bulk hydrogen to be transported in the form of ammonia, using existing infrastructure, and then reconverted back to hydrogen at the point of use.
It has the potential to fill the gap in the technology chain to supply fuel cell vehicles around the world with low-emissions hydrogen sourced from Australia.
The membrane separates ultra-high purity hydrogen from ammonia, while blocking all other gases.
It links hydrogen production, distribution and delivery in the form of a modular unit that can be used at, or near, a refuelling station.
This means that the transportation and storage of hydrogen – currently a complex and relatively expensive process – is simplified, allowing bulk hydrogen to be transported economically and efficiently in the form of liquid ammonia.
Recent advances in solar and electrochemical technologies mean renewable hydrogen production is expected to become competitive with fossil fuel-based production, providing an opportunity to decarbonise both the energy and transport sectors while creating new export opportunities.
CSIRO Chief Executive Dr Larry Marshall is excited by the prospect of a growing global market for clean hydrogen, and the potential for a national renewable hydrogen export industry, to benefit Australia.
"This is a watershed moment for energy, and we look forward to applying CSIRO innovation to enable this exciting renewably-sourced fuel and energy storage medium a smoother path to market," Dr Marshall said.
"I'm delighted to see strong collaboration and the application of CSIRO know-how to what is a key part of the overall energy mix."
BOC Sales and Marketing Director Bruce Currie congratulated CSIRO on the successful refuelling of hydrogen fuel cell electric vehicles, which proves the effectiveness of CSIRO’s membrane technology from generation, right through to point of use.
“BOC’s innovative engineering team are proud to be collaborating with CSIRO researchers on this technology breakthrough, as we focus on advancing the hydrogen economy and global transition towards clean hydrogen for mobility and energy,” Mr Currie said.
Following this successful demonstration, the technology will be increased in scale and deployed in several larger-scale demonstrations, in Australia and abroad.
The project received $1.7 million from the Science and Industry Endowment Fund (SIEF), which was matched by CSIRO.
In addition to its membrane technology, CSIRO is applying its expertise to all stages of the hydrogen technology chain (including solar photovoltaics, solar thermal, grid management, water electrolysis, ammonia synthesis, direct ammonia utilisation via combustion and/or fuel cells, as well as hydrogen production).
Windlab signs PPA term sheet for Lakeland Wind Farm
Windlab Limited (ASX: WND) today announced that it has executed a binding term sheet with Flow Power for the sale of 50MWs of electricity output and associated Large Scale Generation Certificates from its proposed 104MW Lakeland Wind Farm project, for a period of up to 10 years.
Lakeland Wind Farm is a fully approved wind farm located 60 km South-west of Cooktown on the Cape York Peninsula, adjacent to the town of Lakeland.
CEO of Windlab Limited, Roger Price, said: “The signing of this term sheet with Flow Power is another important step in bringing Lakeland Wind Farm to financial close and construction. With the development approvals and a grid connection agreement already in hand, execution of this term sheet will allow us to work towards finalisation of the debt and equity arrangement for the project.”
Execution of any resultant Power Purchase Agreement (PPA) is subject to the execution of definitive documentation by all parties and the project reaching financial close before 31 October, 2018.
Lilyvale Solar Farm
An application for a generation authority has been made for FRV Australia’s Lilyvale Solar Farm, located in Central Queensland, approximately 50km north-east from Emerald and 10 km east from Tieri.
The proposed generating plant will consist of approximately 394,380 x 320 watt (W) panels on a single-axis tracking system and 74 x 1.598 megawatt (MW) inverters with a nameplate rating of 126.21 MWdc. It is expected to export approximately 204,000 MWh annually.
The applicant proposes to connect the solar farm to Powerlink’s transmission grid via the 132 kilovolt (kV) Lilyvale to Dysart transmission line, connecting into the newly constructed Bundoora substation.
Lilyvale Asset Co Pty Ltd will be the operator of the solar farm. Engineering, Procurement and Construction (EPC) services will be undertaken by a joint venture between Gransolar (GRS) and Acciona Industrial Australia Pty Ltd (Acciona). Operations and maintenance for the first two years will be undertaken by the EPC contractors and, at the expiry of the two-year period, FRV Services Australia Pty Ltd (FRV SA) will provide that service. Additionally, FRV SA will provide construction management services during the construction period and asset management services on an ongoing basis.
The ultimate owner of the generating plant is ALJ Global Energy DMCC (ALJ),1 headquartered in the United Arab Emirates. Lilyvale Asset Co Pty Ltd is a wholly-owned subsidiary of Enersol I B.V. and along with FRV SA, are in turn wholly-owned subsidiaries of ALJ.
The generation authority, if issued, will authorise:
Source: Queensland Government
Burdekin Solar Farm
Cleangen’s proposed Burdekin Solar Farm in Mulgrave, north Queensland has been declared a controlled action and so will require assessment and approval under the EPBC Act before it can proceed. The relevant controlling provisions were “Listed threatened species and communities (sections 18 & 18A)”.
Source: Federal Government
Proposed Kaimai Wind Farm resource consent applications
Kaimai Wind Farm Ltd has lodged resource consent applications with Hauraki District Council and Waikato Regional Council for consent to establish and operate a 24 turbine wind farm on the north western area of the Kaimai Ranges, south of Paeroa.
The resource consent application to the Hauraki District Council seeks consent to all landuse activities associated with the construction and operation of the proposed wind farm.
The application site covers 771 and 604 Rotokohu Road and 6356 SH26 ( 1304 hectares).
Twenty four large scale wind turbines are proposed, 7 of them 180 metres high (to blade tip standing upright), and 17 of them 207 metres high.
Proposed associated structures include a substation, 2 lattice transmission towers, 2 overhead lines, and 18.9km of roading – all within the application site.
Earthworks will include 900,000m3 of cut material and 113,500m3 of engineered fill.
It is estimated that 53,000m3 of finishing aggregate will be needed for the on-site roads. Some will be obtained from off site, however 2 on site quarries are also proposed.
The main site access is proposed to be from the south- from Wright Road, which comes off Rawhiti Road – the turbine parts are proposed to be transported from Tauranga, through Matamata-Piako District to the site.
Rotokohu Road may also be used – for taking in other materials.
The resource consent application to the Waikato Regional Council seeks consent to specific aspects of land use – removal of vegetation, earthworks, to permit the discharge of surplus soil and surface water associated with the construction phase of the project and culvert upgrades.
The resource consent applications will be publicly notified - at the request of the applicant, which means there will be an opportunity for community feedback via written submissions. Notification will occur once all further information requested from the applicant has been received.
Once notified, hard copies will be available for inspection - in the Hauraki District Council offices and libraries in Ngatea, Paeroa and Waihi. Those considered directly affected by the proposal will be notified of the applications by post.
Source: Hauraki District Council
Bodangora Wind Farm
Infigen’s under construction Bodangora Wind Farm exported generation to the NEM for the first time this week. To date 3 turbines are exporting energy. When fully commissioned the wind farm will feature 33 turbines providing enough output to supply power to up to 49,000 homes each year.
Results in from Hornsdale Wind Farm FCAS trial
ARENA recently partnered with the Australian Energy Market Operator, NEOEN, and Siemens-Gamesa Australia to explore whether wind farms can perform system stability services for the electricity market.
The Australian-first trial tested whether the Hornsdale Wind Farm 2 could be remotely controlled to deliver Frequency Control Ancillary Services, and the initial results are promising (FCAS help keep the power system in tune at a stable frequency).
Trialled over the peak 2017-18 summer period, the wind farm delivered across six of the eight different FCAS markets and met the project’s objectives. Without any major outages during the trail, the potential for the wind farm to deliver full FCAS contingencies could not be evaluated.
Together with the Hornsdale Power Reserve (aka the world’s biggest battery), Hornsdale Wind Farm 2 lowered FCAS prices from the historically observed $9000/MWh to just $248/MWh. AEMO expect that reduced the cost of the five-hour local South Australian FCAS requirement by approximately $3.5 million.
The successful trial has led the Hornsdale 2 Wind Farm to now be registered and offering FCAS in the National Electricity Market (NEM) – another first for an Australian wind farm.
8th COAG Energy Council Meeting
Ministers today agreed to release an exposure draft of the National Electricity Law amendments for the National Energy Guarantee (Guarantee) – a key reform for the security, reliability and affordability of Australia’s energy future – following confirmation at a teleconference on 14 August 2018. The Energy Council noted the detailed work the Energy Security Board has undertaken on the final design of the Guarantee and appreciate the extensive consultation with, and support from, stakeholders.
Ministers reiterated the importance of effectively integrating energy and climate policy with the Commonwealth, state and territory governments working together to deliver more affordable, reliable and cleaner power.
Ministers also agreed a set of recommendations from the Australian Competition and Consumer Commission’s Retail Electricity Pricing Inquiry Report which will deliver real benefits for consumers.
Further outcomes of the meeting can be found in the Communique.
Source: COAG Energy Council